5.1 million sq ft were sold in the second quarter of FY25, with impressive bookings of ₹5,200 crore for Godrej Properties Strong demand for new launches in the National Capital Region (NCR) and Mumbai Metropolitan Region (MMR) further helped its success. More than half of the company’s annual booking projection and exceeding FY23 figures, bookings jumped 89% YoY in the first half of FY25 to ₹13,800 crore totaling over 14 million sq ft. Company sold 8,600 residences.
Godrej Woodside Estate, a planned development in MMR, got bookings of about ₹600 crore in Q2, while the most important development in NCR, Godrej Tree, got bookings of ₹1,500 crore in the same period with quarterly collections increased 68% to ₹4,000 crore % Up ₹ 7,000 crore, reaching 47% of the company’s annual fundraising target
With the introduction of eight new projects in FY 25, Godrej Properties now has total sales of 11 million sq ft and a booking capacity of ₹12,650 crore These six projects, when unveiled in Q2, were it has a total booking value of ₹9,650 crore, which is 63% of the company’s annual booking projection Theflow: 120% YoY increased to ₹1,800 crore in the quarter and more than tripled to ₹2,800 crore in a year in the half.
CEO Managing Director Gaurav Pandey highlighted the benefits of the project development to ensure a strong pipeline launch for the current year and beyond. Moreover, he informed that the company will be entering Indore and will start its first project soon.
Real estate market performance and growth trajectory of Godrej Properties is highlighted in this update.
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